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Dec 1, 2012
12/12
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the president traveled to pennsylvania to visit a small business today to talk about the fiscal cliff. unfortunately, it's the president and members of his own party who were proposing that we let many small businesses, as in hundreds of thousands of them, go over the fiscal cliff. simply put, that's why we don't have an agreement as yet. they said yesterday this is not a game. i used to be a small business owner. small business owners are regular men and women from all backgrounds who, in today's economy, are facing challenges on a daily basis. and the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here, which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough. it exists because washington continues to spend too much. raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. and if our economy doesn't grow, americans don't get new jobs. an
the president traveled to pennsylvania to visit a small business today to talk about the fiscal cliff. unfortunately, it's the president and members of his own party who were proposing that we let many small businesses, as in hundreds of thousands of them, go over the fiscal cliff. simply put, that's why we don't have an agreement as yet. they said yesterday this is not a game. i used to be a small business owner. small business owners are regular men and women from all backgrounds who, in...
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Nov 30, 2012
11/12
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CNBC
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we want to listen to speaker boehner making comments right now on the fiscal cliff. >> small business owners are regular men and women from all backgrounds who in today's economy are facing challenges on a daily basis. the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough. it exists because washington continues to spend too much. raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. if our economy doesn't grow, americans don't get new jobs. and the debt problem that we have will continue to threaten our children's future. as i said the day after the election the republicans are not seeking to impose our will on the president. we're seeking a bipartisan solution that can pass both chambers of congress and be signed into law by the president in the coming days. during the campaign
we want to listen to speaker boehner making comments right now on the fiscal cliff. >> small business owners are regular men and women from all backgrounds who in today's economy are facing challenges on a daily basis. the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough. it exists because...
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Dec 7, 2012
12/12
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so you have the fiscal cliff, and the business confidence is at an all-time low. consumer confidence is at a 4 1/2 year high. germany's stock market is up 25% this year, both in dollars and euros. the u.s. dollar and the euro are about the same. basically, you want to watch the ten-year treasury interest rate. it's been going down this week. you always show that at the end of the week. gold has basically been very quiet. you're waiting for the dough here. you're looking for the market to give you a sense of where the economy is going. >> we're waiting for green lights. do you feel when all is said and done, no matter how much we talk about, you know, how the end of the world would arrive if we went over the fiscal cliff, people in the market basically his surely they can't be that done. they're assuming it's going to get done. >> i think the markets are saying -- it's balanced 50/50. my personal opinion is it's a higher chance it won't happen. just as bill clinton managed to pin the blame for the government shutdown on newt gingrich and put the republicans in retr
so you have the fiscal cliff, and the business confidence is at an all-time low. consumer confidence is at a 4 1/2 year high. germany's stock market is up 25% this year, both in dollars and euros. the u.s. dollar and the euro are about the same. basically, you want to watch the ten-year treasury interest rate. it's been going down this week. you always show that at the end of the week. gold has basically been very quiet. you're waiting for the dough here. you're looking for the market to give...
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Nov 29, 2012
11/12
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are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on local, helping businesses retain customers an drive frequency in their local markets can really help drive through any potential impact of a fiscal cliff. >> jeff, what are you hearing in the valley about the fiscal cliff, how concerned are the other people that you talk to, the inknow vnovators out there, are millionaires, billionaires and many of whom are trying to start new businesses in the valley. >> you know, the perception is more about -- the talk is more about the potential impact on business and allowing -- not taking action to address this issue and letting it expire is bad for business. every
are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on...
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Nov 30, 2012
11/12
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FBC
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dennis: fiscal cliff survival kit coming up in the next steps your small business should take right now to prepare. plus jeff flock is milking of fiscal cliff story for us and from the farm. jeff: you don't care about the fiscal cliff but if you care about milk prices if we don't get a deal on a farm bill, milk prices could double within a month. i will explain how that will happen right down here on the farm. we will get it from the horse or the calla's and house. you know how painful heartburn can be. for fast, long lasting lief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving theain quickly. try fast, long lasting gaviscon®. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going onow -- but hurry, the off ends soon. cheryl: 30 past the hour, the largest generic maker -- >> pharmaceuticals of by 1/2%. announcing a major reorganization plan with $2 billion and expenses over the next five years and this is wide ranging
dennis: fiscal cliff survival kit coming up in the next steps your small business should take right now to prepare. plus jeff flock is milking of fiscal cliff story for us and from the farm. jeff: you don't care about the fiscal cliff but if you care about milk prices if we don't get a deal on a farm bill, milk prices could double within a month. i will explain how that will happen right down here on the farm. we will get it from the horse or the calla's and house. you know how painful...
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Dec 3, 2012
12/12
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. >> businesses of much more focused on washington, on the whole policy issues around the fiscal cliff because they are trying to figure out their spending plans guessing what taxes will be. businesses are focused on if they spend x and taxed at y what's that going to leave them in terms of profitability. degree of which businesses have come off a really good four years where the rest of us have come off a more problematic four years. finally in this quarter partly because of the fiscal cliff, partly because of europe, partly because of slow down in china profits are more challenging for companies. but they are still making a lot of money. >> "wall street journal" study of 40 major companies half plan drastic cuts to their investments and spending into next. once a budget deal is reached, i mean whatever it is, do you think we'll see companies loosen their wallet? is there a bigger chance they will slow down more? >> part of this is contingent how well consumers do. companies will spend money if there's this active healthy consumer base that justifies them spending money for more activ
. >> businesses of much more focused on washington, on the whole policy issues around the fiscal cliff because they are trying to figure out their spending plans guessing what taxes will be. businesses are focused on if they spend x and taxed at y what's that going to leave them in terms of profitability. degree of which businesses have come off a really good four years where the rest of us have come off a more problematic four years. finally in this quarter partly because of the fiscal...
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Dec 5, 2012
12/12
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business, continue to grow and at the same time make sure we solve this fiscal cliff. each and every day as we walk the halls you continue to ask the question. we want the answers solving fiscal cliff. we put be a offer on the table. the president now has to engage. i think the next 72 hours are critical. he sits back and continues to play politics, that will give you answer of where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead. >> as fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he
business, continue to grow and at the same time make sure we solve this fiscal cliff. each and every day as we walk the halls you continue to ask the question. we want the answers solving fiscal cliff. we put be a offer on the table. the president now has to engage. i think the next 72 hours are critical. he sits back and continues to play politics, that will give you answer of where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead....
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Dec 4, 2012
12/12
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tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't
tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't
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Nov 30, 2012
11/12
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. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> what are the long term effects for business travel if the economy falls off the fiscal cliff? the gbta predicts the reduced deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reynolds wolf is standing by. what is happening around the country today? >> the story is all west. everything is taking place out west. rain, some strong winds, even some snow. some places snow getting
. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the...
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Nov 30, 2012
11/12
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going over the fiscal cliff is serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable that you have to
going over the fiscal cliff is serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how...
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Dec 7, 2012
12/12
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CSPAN2
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. >> we've all heard about this fiscal cliff. that's the convergence of higher tax rates and, of course, all the spending. >> both parties, democrats and the republicans need to come together. >> the our three branches of government, and congress, and the president are equal. and pretty much neither one has the right position for the country. >> i know that america is going to be a great country again. and that will fix the problems we have at home, and bring together the two parties that are dividing the country, and fighting for different things. i know that this is going to happen. >> we're only going to get out of this together. we're not going to get out of it as a democrat. we're not going to get out of it as republican. we're going to get out of it as an american. >> thank you, ed. thank you, joan. we're going to get on with a program right now. let the introduce the moderator of that program, ron brownstein. on its editorial director of the "national journal," which means he oversees all the little coverage coming out of
. >> we've all heard about this fiscal cliff. that's the convergence of higher tax rates and, of course, all the spending. >> both parties, democrats and the republicans need to come together. >> the our three branches of government, and congress, and the president are equal. and pretty much neither one has the right position for the country. >> i know that america is going to be a great country again. and that will fix the problems we have at home, and bring together...
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Nov 30, 2012
11/12
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you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean problems for everyone globally and no one would want that. i'm sure that you'll be able to find the right solution by the end of december. >> let us hope. mr. michalos, thank you very much. sue? >>> thank you, ty. two big winners in that $587 million record powerball lottery. but how much do you really need to earn to make you happy? the answer may surprise you. >>> and before you fill up your tank with gas, listen up. aaa is warning regulators to stop sales of a certain type of fuel at the pump because it could damage your car and void your car
you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean...
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Nov 30, 2012
11/12
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john boehner trying to sort of protect his caucus at this point because he probably understands that at the end of the day, that top rate is going to go up. and republicans are in a really awkward position because right now essentially they're just defending the tax cut for the top 2%. at the same time, the white house's public posture is to say well, no, we don't want to go over the fiscal cliff because you don'
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's...
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Nov 30, 2012
11/12
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. >>> americans are trying to avoid a winter of discontent by steering clear of the fiscal cliff. they are getting a boost from numbers that show they had a busy number. >> lots of numbers for you this morning. let's start with u.s. gdp. it's been revised upwards. commerce department officials say the economy for the july to september quarter dp eer grew a annualized 2.7%. exports were revised to mark an increase of 1.1%. earlier predictions headed for fall of 1.6%. housing investment was revised slightly down toward to 14.2% but maintain strong growth. >>> consu consumer spending was revised down 0.6 points to a growth rate of 1.4%. overall gdp mark significant growth but uncertainty remains. consumption is growing. there is the fiscal cliff to consider. >>> now let's turn to japan. the jobless rate in october remained flat compared to the previous month. the internal affairs ministry said unemployment stayed at 4 4.2%. officials at the labor ministry say the ratio of job vacancies to seekers declined. it says 80 positions were open for every 100 job seekers. the industrial outpu
. >>> americans are trying to avoid a winter of discontent by steering clear of the fiscal cliff. they are getting a boost from numbers that show they had a busy number. >> lots of numbers for you this morning. let's start with u.s. gdp. it's been revised upwards. commerce department officials say the economy for the july to september quarter dp eer grew a annualized 2.7%. exports were revised to mark an increase of 1.1%. earlier predictions headed for fall of 1.6%. housing...
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Dec 6, 2012
12/12
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cliff, how many businesses in this room will reduce capital investment? remember, i just said -- and it's very demonstrable that capital investment is what drives gdp growth rate and job creation. that tells a story right there. if we go across the fiscal cliff, we will have an economic contraction or slow down at best. >> how are things looking right now ahead of the holidays? i'm sure your company is real busy, fedexing gifts. what are your expectations for this holiday season? >> well, you know, the 300,000 wonderful teammates of fedex are working very hard. we publicly forecast a couple weeks ago that on the 10th we would move 19 million shipments through our network. that's up about 11% year over year. e-commerce is causing a significant amount of growth. retail sales are going to be up some place in the 3.5% and 4%. we think absent going over the cliff and absent tax reform, u.s. gdp around 2% next year. worldwide, about 2.5%. >> real quick, we have to ask you your plans. you had said at some point you would leave the ceo role as soon as 2013. is th
cliff, how many businesses in this room will reduce capital investment? remember, i just said -- and it's very demonstrable that capital investment is what drives gdp growth rate and job creation. that tells a story right there. if we go across the fiscal cliff, we will have an economic contraction or slow down at best. >> how are things looking right now ahead of the holidays? i'm sure your company is real busy, fedexing gifts. what are your expectations for this holiday season? >>...
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Dec 7, 2012
12/12
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WBAL
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president barack obama says approach in the fiscal cliff will add to holiday stress for american families. >> the closer it gets to the brink, the more stressed they will be. businesses are making decisions right now about investment and hiring. they don't have confidence that we can get this thing done, they will start pulling back and we could have a lousy time in our haqqani for the next several months. >> the president made the remarks while visiting with the virginia family to talk about the budget crisis. >> for now, the stalled negotiations cannot seem to be affecting local holiday shopping and events in and around baltimore. >> harbour east is one of the air is a special -- with special events going on throughout the city. winter wonderland promotes local artists and shoppers can get free parking. it is about promoting business and luring in those customers. [cheers] >> it is that time of year, holiday events, drinks, good food, and shopping. >> i think things are getting better for us. customers are shopping more, it seems. >> the festivities going on in the city and people getti
president barack obama says approach in the fiscal cliff will add to holiday stress for american families. >> the closer it gets to the brink, the more stressed they will be. businesses are making decisions right now about investment and hiring. they don't have confidence that we can get this thing done, they will start pulling back and we could have a lousy time in our haqqani for the next several months. >> the president made the remarks while visiting with the virginia family to...
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Dec 5, 2012
12/12
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we'll and jeff solomon -- what other effects the fiscal cliff is having on business and investment. and reminder, here we go again, this is -- don't miss steve liesman's exclusive interview. >> read it, joe, it's what the company wants you to do. >> with treasury secretary tim geithner. liesman will be on at 4:00 he'll also have geithner. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> welcome back to "squawk box," everyone. let's take a look at shares of walgreens. november same store sales fell by 6.2%. that is smaller than the 7.3% drop that analysts had been expecting. >>> and a big deal just made official moments ago, freeport mcmoran is buying two companies. the combined price about $20 billion. now owns about 31% of mcmoran exploration. take a look at that, up about 25% for plains exploration. >> mm-hmm. >>> and another company moving up its dividend, best b
we'll and jeff solomon -- what other effects the fiscal cliff is having on business and investment. and reminder, here we go again, this is -- don't miss steve liesman's exclusive interview. >> read it, joe, it's what the company wants you to do. >> with treasury secretary tim geithner. liesman will be on at 4:00 he'll also have geithner. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus...
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Nov 29, 2012
11/12
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> is this assessment -- is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and can you tell us something about that phone call? >> well, we had a very nice conversation last night. it was direct. and straightforward. but this -- this assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as part of a down payment to get to a longer range solution on entitlements and tax reform. >> there are a lot of options that are on the table including that one. >> mr. speaker, before the election you were asked whether if obama won, taxes would have to go up. you've made it sound like you would oppose that. now you've -- you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> is this assessment -- is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and can you tell us something about that phone call? >> well, we had a very nice conversation last night. it was direct. and straightforward. but this -- this assessment i give you...
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Nov 30, 2012
11/12
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FBC
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take the fiscal cliff stuff out, obama taxes target small businesses, let's say have you a small, not unreasonable you make around $500,000, you. we like 15 people. you raise their taxes, they will lop off 2 or 3 of those people. neil: who are these small business guys that got in. >> i'm sure some of them have -- you know, listen, not all small businesses are monolithic. neil: who are big business guys. >> lloyd, just so you know, i know him personal, saying how great the president's plan is, ear something like warren buffet, they made so much money already. what do they care if you take of their taxes a little bit. james gorman that runs morgan stanley, i really like, said put pressure on congress to get a deal done, i am sure that that james would not care if they raised upper rate on people, but morgan stanley still pushing for certain deducts that help business, i would be careful with listening to the quote, unquote corporate. >> we did look at this, we cannot prove a exact number but overwhelming number, either donated or were active supporters of the president, and diagramcrat
take the fiscal cliff stuff out, obama taxes target small businesses, let's say have you a small, not unreasonable you make around $500,000, you. we like 15 people. you raise their taxes, they will lop off 2 or 3 of those people. neil: who are these small business guys that got in. >> i'm sure some of them have -- you know, listen, not all small businesses are monolithic. neil: who are big business guys. >> lloyd, just so you know, i know him personal, saying how great the...
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Nov 30, 2012
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cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative days left on the congress's calendar before the looming fiscal cliff becomes a raw reality, will the president and house gop find a way over the latest road black and back to the bargaining table? >> why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> was it hardball opening? yeah, of course it was. the question is, what's the counteroffer? >> i would imagine there has to -- tim geithner is too smart of a guy in this administration is filled
cliff. but his actions have not matched his public statements. members of his own party seem quite comfortable with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative...
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Dec 4, 2012
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brian moynihan was talking about small businesses impacted by the fiscal cliff. i did an interview yesterday afternoon with someone who has done hundreds of channel checks and works in the same areas as you and warns me that he's seeing softness. take a listen. >> we're seeing now october, november little bit of a slowdown. it's due to post-election blues. fiscal cliff coming up. you had hurricane impact on the northeast when most of the companies report fourth quarter sometime in january i think they will probably see some sort of a modest slowdown versus that third quarter trend that we saw. >> let me take you specifically to a note out you have this morning on the cruise liners where you are talking about the trends there. the pricing there continuing to deteriorate at a time when royal caribbean is up 42% year-to-date. carnival up 19%. what do you make of that area now? should people sell? >> i guess i would say contrary to what your guest just said from bank of america, we are actually seeing weakening signs across all four sectors. we cover hospitality broa
brian moynihan was talking about small businesses impacted by the fiscal cliff. i did an interview yesterday afternoon with someone who has done hundreds of channel checks and works in the same areas as you and warns me that he's seeing softness. take a listen. >> we're seeing now october, november little bit of a slowdown. it's due to post-election blues. fiscal cliff coming up. you had hurricane impact on the northeast when most of the companies report fourth quarter sometime in january...
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Dec 4, 2012
12/12
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we talked about a lot of things including the looming fiscal cliff. talked about business concerns as you head into the end of the year and even what to expect in 2014. bank of america has 55 million customers here in america. they represent one out of every two households. so moynihan has a very good idea about what consumers are doing and if they spending less because of the fiscal cliff. here's what he had to say. >> i'm more about business behavior than consumer behavior. people continue to spend, housing is a little better. all the things that affect stock market are in decent shape. the question was will everything going on cause them on slow down again. >> what are you you see rg businesses right now? >> almost a year and a halving a go, businesses getting concerned about the nature of the dialogue about the fiscal situation? washington and in europe and the issues that had to be dealt with long term and how it affects near term business in terms of what would be accelerated appreciation for investment in business. what will be the final demand
we talked about a lot of things including the looming fiscal cliff. talked about business concerns as you head into the end of the year and even what to expect in 2014. bank of america has 55 million customers here in america. they represent one out of every two households. so moynihan has a very good idea about what consumers are doing and if they spending less because of the fiscal cliff. here's what he had to say. >> i'm more about business behavior than consumer behavior. people...
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Nov 29, 2012
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but going over the fiscal cliff is serious business, and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> is this based on your meeting with secretary geithner or your phone call with president obama last night. could you tell us something about that phone call? >> well, we had a very nice conversation last night. it was direct. and straightforward. but this assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as part of a down payment to get to a longer range solution on entitlements and tax reforms? >> there are a lot of options on the table including that one. >> before the election you were asked whether if obama won taxes would have to go up. i are acknowledging that they will. >> the day after the election i came here and made it clear that the republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> my question is, what message do you have for people who look at the negotiating
but going over the fiscal cliff is serious business, and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> is this based on your meeting with secretary geithner or your phone call with president obama last night. could you tell us something about that phone call? >> well, we had a very nice conversation last night. it was direct. and straightforward. but this assessment i give you today would be a product of both of those...
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Dec 3, 2012
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tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the right blueprint. we are not in a position to be held hostage by anybody. it also focuses on find more and use less. what we can do in the federal government is i think invest in research and getting a 500-mile battery for electric cars and getting solar energy that is 1 kilowatt installed and finding a way to capture carbon from coal plants that can be turned into fuel that is commercially sold. we should look at the model of unconventional gas in terms of how our system and federal research and our system of private properties have produced a situation where we have a massiv
tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the...
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cliff. the federal reserve released its latest beige book economic report on wednesday. the document is based on surveys of businesses. it's compiled by 12 federal bank districts. it mentions weaker conditions in new york and some other districts hit by hurricane sandy late october despite a moderate improvement overall. on consumer spending, most districts saw an increase at a moderate pace and they also gave mostly upbeat expectations for the holiday sales season. on housing, the report says the market continued to improve across most districts. selling prices were steady or rising. on employment, over half the districts reported improvements. but in manufacturing, 7 of the 12 districts reported that activity slowed or declined somewhat compared to the previous report. >>> on the tokyo foreign exchange, the dollar is gaining ground against the yen this morning. dollar/yen is fetching 82.04-08 at the moment. analysts say concerns over the u.s. economic outlook eased slightly after u.s. pres
cliff. the federal reserve released its latest beige book economic report on wednesday. the document is based on surveys of businesses. it's compiled by 12 federal bank districts. it mentions weaker conditions in new york and some other districts hit by hurricane sandy late october despite a moderate improvement overall. on consumer spending, most districts saw an increase at a moderate pace and they also gave mostly upbeat expectations for the holiday sales season. on housing, the report says...
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Dec 1, 2012
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they would book dentist appointment or pull a hamstring and let him get his way and own the fiscal cliff debacle. >> eric: it's not a bad call. this could be terrible for the economy and hurt jobs and businesses. but honestly, if you are ready, america, if you are ready, hold your nose, take a deep breath and take the medicine. it will fix the problem and the deficit problem as long as everything in the fiscal cliff happens. as long as sequestration happens it will hurt defense. tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about ei
they would book dentist appointment or pull a hamstring and let him get his way and own the fiscal cliff debacle. >> eric: it's not a bad call. this could be terrible for the economy and hurt jobs and businesses. but honestly, if you are ready, america, if you are ready, hold your nose, take a deep breath and take the medicine. it will fix the problem and the deficit problem as long as everything in the fiscal cliff happens. as long as sequestration happens it will hurt defense. tax rate...
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Nov 30, 2012
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. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road for detroit. one state senator's plan to dissolve the city. he is your guest. happy friday, everybody. mandy will be back on monday. i'm brian sullivan. thank you very much for joining us. >>> stocks relatively in a holding pattern again all ahead of the fiscal cliff. we're not seeing big moves. people unwilling to take bets. we're going to get to bob pisani in just a minute. >>> but first we need to get to eamon javers with some breaking headlines from mitch mcconnell on the fiscal cliff. eamon? >> brian, we're getting a trial balloon here just within the past couple of m
. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road...
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Dec 2, 2012
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the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal columnist and dan henninger, and mary an anna-- anastasia o'grady and kim strassel. you've been talking it it sources and is the mood as hour as it sounds. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress wit
the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any...
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Dec 4, 2012
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the last minute on the fiscal cliff -- i do not think it is a good way to do business. it seems to be the way we are doing business in this town. host: if we were to go over, what happens? guest: probably, congress would be back in session quickly and we would do something but i am talking about right now, hopefully, and continue to negotiate. it is not to question of dollars and cents. some people have said we could let the rates go up and the republicans could take something down and they could call that a tax cut. people would lose faith in the institution and political leadership. trust is a funny commodity. you have it until you do not. you do not get it back if you lose the trust and then do the right thing the next day. we should convince the country, the markets and the world that america can make smart decisions and tough compromises. this would be a step in the right direction of showing we can work together, and we could put the people first. we have differences and we could fight without putting them in harm's way. host: roger altman writes in "the financial
the last minute on the fiscal cliff -- i do not think it is a good way to do business. it seems to be the way we are doing business in this town. host: if we were to go over, what happens? guest: probably, congress would be back in session quickly and we would do something but i am talking about right now, hopefully, and continue to negotiate. it is not to question of dollars and cents. some people have said we could let the rates go up and the republicans could take something down and they...
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Dec 7, 2012
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host: we have been focusing on different parts of the fiscal cliff discussion. today we're looking at tax extenders for businesses and individuals. joining us is sam goldfarb, a tax writer for cq roll call. what our tax extenders? guest: they are temporary tax breaks. some people are concerned the entire tax code is turning into a big tax extender. they are considered to be a small provision and targeted at specific types of businesses. host: why are they temporary? guest: a lot of people say they should be made permanent or they should be eliminated altogether. it is easier to pass when they are temporary. they keep on being extended and extended. host: we will look at some of these. these are some of the tax extenders and the cost of continuing the tax breaks through 2013. host: some of those are really specific. guest: that is the idea. they have become a case study in what some people think is wrong with the tax code. if there are loopholes that can be claimed to love god and their -- have gotten there because of a lobbyist lobbied hard to get there, it is t
host: we have been focusing on different parts of the fiscal cliff discussion. today we're looking at tax extenders for businesses and individuals. joining us is sam goldfarb, a tax writer for cq roll call. what our tax extenders? guest: they are temporary tax breaks. some people are concerned the entire tax code is turning into a big tax extender. they are considered to be a small provision and targeted at specific types of businesses. host: why are they temporary? guest: a lot of people say...
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Nov 29, 2012
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on the fiscal cliff. melissa: phil, real quick what is going on with nat-gas? we're freezing here in the northeast. >> it is balmy outside what are you talking about? it is so warm. i'll tell you what, this goes to show you the incredible production that is happening. we see rig counts went up last week but they're down 45% on the year. we're so much more efficient producing gas. melissa: sure. >> it is building supplies and temperatures not as cold as advertised. melissa: phil, thanks so much. >> thank you. lori: phil sounds like he was screaming at someone. melissa: a little under the weather. we wish him well. lori: of course. groupon, was it just a fad? the future of groupon ceo andrew mason may be in jeopardy as the social website's board decides on the fate and strategy for the company. shibani joshi joins us with the latest on one struggling company, shibani. >> i have to tell you only one number investors care about when it comes to keeping management in place and the overall gross prospects of th
on the fiscal cliff. melissa: phil, real quick what is going on with nat-gas? we're freezing here in the northeast. >> it is balmy outside what are you talking about? it is so warm. i'll tell you what, this goes to show you the incredible production that is happening. we see rig counts went up last week but they're down 45% on the year. we're so much more efficient producing gas. melissa: sure. >> it is building supplies and temperatures not as cold as advertised. melissa: phil,...
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Dec 7, 2012
12/12
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between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immediately. the deadline is this month for some workers. for more affirmation, call 288- 9050. >> 33 degrees at the airport. after some criticism, could apple be in sourcing its next big project? >> will you be putting fewer gifts under the christmas tree this year? >> a day that still lives in infamy. the anniversary of the attack on pearl harbor. >> scattered showers today. >> more and more motorists >> more and more motorists getting out on the area roads ♪ oh, what fun it is to ride... ♪ get in the holiday spirit with dunkin's peppermint mocha, new white chocolate, or gingerbread flavors today. america runs on dunkin'. >> we take a look outside. clatter skies. 42 degrees downtown. chillier when you get away from the airport. we have some rain fall approaching from the west. i have circled the city. shower activity is moving i
between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immediately. the deadline is this month for some workers. for more affirmation, call 288- 9050. >> 33 degrees at the airport. after some criticism, could apple be in sourcing its next big project? >> will you be putting fewer gifts under the...
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Dec 1, 2012
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and the fiscal cliff negotiations are not going well at all. on thursday republicans leaked the white house's opening bid and we have some exclusive tape of that. >> all right. somebody will have to play a little game. we'll play yours. so let's just say that you paid me because it is in your interest to pay me. but i want your answer and the money by noon tomorrow. >> senator, you can have my answer now, if you like. my offer is this -- nothing. >> okay. maybe that's not actually exclusive tape of the budget negotiations, but it is kind of the spirit of the thing. president obama's opening bid to the republicans goes like this. first democrats get a trillion dollars in tax revenue by letting the high-income bush tax expire. that hatch matches the spending cuts in the 2011 debt ceiling deal. a trillion for a trillion. then dem krts and republicans get 6 billion worth of stuff they want. democrats get 6 billion from tax reform and republicans get 600 billion in spending cuts of which 350 mill billon comes from medicare and other health problems
and the fiscal cliff negotiations are not going well at all. on thursday republicans leaked the white house's opening bid and we have some exclusive tape of that. >> all right. somebody will have to play a little game. we'll play yours. so let's just say that you paid me because it is in your interest to pay me. but i want your answer and the money by noon tomorrow. >> senator, you can have my answer now, if you like. my offer is this -- nothing. >> okay. maybe that's not...
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Nov 30, 2012
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coming up, a closer look at the fiscal cliff and how it could affect small businesses. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios >>> fiscal split. the two sides seem farther than ever apart after round one of talks. >> asphalt eruption. the story behind this 30-foot geyser on a california street. >>> a new yorker hit by hurricane sandy hits power ball for a million bucks. welcome back to "early start." i'm christine romans. >> i'm zoraida sambolin. 30 minutes past the hour. jitters for small business owners. president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers.
coming up, a closer look at the fiscal cliff and how it could affect small businesses. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios >>> fiscal split. the...
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. >>> the fight over the fiscal cliff is having an affect on small businesses right now. just as congress, the people running those businesses, they're not agreeing on a solution, but poppy harlow, she's got the perspective from the folks who are suffering. >> if any company, any business did the method of accounting as the government sdshgs we would be in jail. >> you sound like you've had it? >> yes, basically i have. >> debt is a cancer. that's what bob told me when we met him at his limousine company in freehold, new jersey. stoo here's the reservations. staffed 24 hours a day. >> reporter: he started the business back in 1984. today he has a staff of 75. 53 cars. one big question. >> i just want congress to tell me to come up with what the boundaries are so i know -- i know how to run my business. i know how to plan. >> he has laid off four employees in the last six months. he says the business made it through the stock market crash of 1987, the savings and loan crisis, and 9/11 with no decline in revenue until the financial crisis of 2008 and now this. >> could more
. >>> the fight over the fiscal cliff is having an affect on small businesses right now. just as congress, the people running those businesses, they're not agreeing on a solution, but poppy harlow, she's got the perspective from the folks who are suffering. >> if any company, any business did the method of accounting as the government sdshgs we would be in jail. >> you sound like you've had it? >> yes, basically i have. >> debt is a cancer. that's what bob told...
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Nov 30, 2012
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and even as a small business person, everyone talks about what the fiscal cliff could do to small business, what obama care can do for small business, but you said we shouldn't worry about that so much, that we should get some sort of compromise in order to keep moving and keep talking and keep moving forward? >> well, i think that it was pretty clear during the course of the election and since and even in the president's speech today where he said he's willing to give on some revenue and some spending cuts, he's proposed some, he's already passed some into law. and beyond that, just from my perspective, what i see is that we know that we're a confidence-based economy, we're 70% of the economy driven by consumer spending and anything that puts a crimp in consumer spending is not good for the economy. so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are liste
and even as a small business person, everyone talks about what the fiscal cliff could do to small business, what obama care can do for small business, but you said we shouldn't worry about that so much, that we should get some sort of compromise in order to keep moving and keep talking and keep moving forward? >> well, i think that it was pretty clear during the course of the election and since and even in the president's speech today where he said he's willing to give on some revenue and...
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tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the right blueprint. we are not in a position to be held hostage by anybody. it also focuses on find more and use less. what we can do in the federal government is i think invest in research and getting a 500-mile battery for electric cars and getting solar energy that is 1 kilowatt installed and finding a way to capture carbon from coal plants that can be turned into fuel that is commercially sold. we should look at the model of unconventional gas in terms of how our system and federal research and our system of private properties have produced a situation where we have a massiv
tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the...
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Nov 29, 2012
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next week, a small business coalition will talk to us on ways we can solve the fiscal cliff while the same time growing this economy. the goal of this republican majority is to solve the fiscal cliff once and for all and put us on a path to grow the economy. >> we are 34 days away from what would be the largest tax increase in american history, and the speaker boehner and the republicans have put forward a balanced plan that would prevent that from happening and not devastate our economy at a time when our economy continues to struggle and people are having a tough time finding work. we need to take action that will insure that small-business owners all across this country continue to be able to survive. many have said that the president's approach in raising taxes would act to devastate the economy. ernst and young estimated jobs lost -- a plan that would cut nearly 1 million jobs is a nonstarter. we are working to find a better way. a common-sense way. we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending that jeo
next week, a small business coalition will talk to us on ways we can solve the fiscal cliff while the same time growing this economy. the goal of this republican majority is to solve the fiscal cliff once and for all and put us on a path to grow the economy. >> we are 34 days away from what would be the largest tax increase in american history, and the speaker boehner and the republicans have put forward a balanced plan that would prevent that from happening and not devastate our economy...
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you are concerned about this fiscal cliff. what impact would it have on your business? >> it could dampen demand for product. we worry about the fiscal cliff but at the same time people are more worried about our quality in the u.s. and that helps demand for our product. jeff: this company went public in 2010, stock price $13, recently got up to 40. price targets are above that on it. take a look at that. cheryl: charles payne was right. jeff flock, thank you very much. ibm employees saying the big blue after the company says it is not paying 401(k) matches until the end of the year. dennis: holy jalopy, batman. these are live pictures of the backmobile from the 1960s tv series. we will speak to the designer and the auctioneer who will put this baby on the block. how much will go for? [ male announcer ] where do you turn for legal matters? at lelzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to
you are concerned about this fiscal cliff. what impact would it have on your business? >> it could dampen demand for product. we worry about the fiscal cliff but at the same time people are more worried about our quality in the u.s. and that helps demand for our product. jeff: this company went public in 2010, stock price $13, recently got up to 40. price targets are above that on it. take a look at that. cheryl: charles payne was right. jeff flock, thank you very much. ibm employees...
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Nov 29, 2012
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FBC
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with the fiscal cliff, that is serious business. i am here seriously trying to resolve it. i would hope the white house would get serious as well. [inaudible question] >> well, we had a very nice conversation last night. it was direct and straightforward. the assessment i give you today would be a product of both of those conversations. [inaudible question] >> there are a lot of options on the table, including that one. [inaudible question] >> the day after the election, i came here and made it clear that republicans would put revenue on the table, as a way to begin to move the process to get this resolved. [inaudible question] >> the revenue is on the table. revenue was only on the table if there were serious spending cuts as part of this agreement. it has to be part of the agreement. we have a debt crisis. we are spending too much. we have to recognize it is the spending that is out of control. >> what size of spending cuts do you think it would take? >> i do not think it is productive for either side to layout hardlines and what the size of spending cuts ought to be. the
with the fiscal cliff, that is serious business. i am here seriously trying to resolve it. i would hope the white house would get serious as well. [inaudible question] >> well, we had a very nice conversation last night. it was direct and straightforward. the assessment i give you today would be a product of both of those conversations. [inaudible question] >> there are a lot of options on the table, including that one. [inaudible question] >> the day after the election, i...
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Nov 29, 2012
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about the fiscal cliff. host: and in the washington post is a picture of three c.e.o.'s coming out of the white house. this is patricia wuertz, she is the chief executive of archer daniel's midland. emmett fraser of merck and another person walking out. we're going to move onto william in maryland on our republican line. hi, william. caller: gorn. i love watching c-span, i'm a first time caller. host: welcome. caller: thank you. i'm not the greatest at this, but i can tell you as an african-american republican, who is a home owner association's president for his community of 339 homes, and someone who works in security, and someone who volunteers at least 40 hours a week on his community, there is a issue with us as americans and picking up slack. we put too much on the federal government to do. we as people need to stand more for each other and help each other. and i guarantee you if we took the money out of the politics, and we as the people stood together with one another and helped each other as in the c
about the fiscal cliff. host: and in the washington post is a picture of three c.e.o.'s coming out of the white house. this is patricia wuertz, she is the chief executive of archer daniel's midland. emmett fraser of merck and another person walking out. we're going to move onto william in maryland on our republican line. hi, william. caller: gorn. i love watching c-span, i'm a first time caller. host: welcome. caller: thank you. i'm not the greatest at this, but i can tell you as an...
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fiscal cliff. first we hear from house speaker john boehner after meeting with treasury secretary tim geithner. that is followed by house democratic leaders after their meeting. then, senate democrats explain what they're looking for in negotiations with republicans. friday on "washington journal," a congressional this story and gives a history of the filibuster rule in the senate and explains the changes senate leader harry reid is pursuing. then austin tell us less starting at 7:00 eastern on c-span. -- washington journal is live at 7:00 eastern on c-span. >> we had 2000 flag officers and generals. today we had one dozen flak officers and generals. the ratio is out of whack. it is not a captain, and a battle of. we look at where we can not only save the money, but we can transfer responsibilities at of the pentagon and consolidate programs and serious significant amount of money. >> this weekend you can talk about tom coburn above the fiscal cliff and the republican party in "in the." on c-span 2
fiscal cliff. first we hear from house speaker john boehner after meeting with treasury secretary tim geithner. that is followed by house democratic leaders after their meeting. then, senate democrats explain what they're looking for in negotiations with republicans. friday on "washington journal," a congressional this story and gives a history of the filibuster rule in the senate and explains the changes senate leader harry reid is pursuing. then austin tell us less starting at 7:00...